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9021 Nopah Peak Court Las Vegas, NV 89178

4 Beds 3 Baths 2,415 sqft Built 2019

$480,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $198.76
  • 5 Days on Market
  • MLS # : 2257428
  • Updated Date : 12/23/2020 at 12:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,415 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

BRAND NEW PULTE HOME IN THE DIAMOND TRAILS COMMUNITY (BLUE DIAMOND & GRAND CANYON. GORGEOUS 2 STORY, 4 BEDROOM, 2 3/4 BATHROOM HOME 20K IN UPGRADES THROUGHOUT HOME! LUXURY CARPET AND TILE WITH MODERN FLAT TRIM AND BASEBOARDS. CHEFS DREAM KITCHEN WITH UPGRADED SS APPLIANCES, LARGE ISLAND, QUARTZ COUNTER TOPS. THROUGHOUT THE HOME. 2 TONE PAINT. 8 FT DOORS THROUGHOUT 1ST FLOOR. ENTERTAINERS DREAM BACKYARD- LANDSCAPED WITH LOW MAINTENANCE TURF, GAS LINE FOR GRILL. THIS ONE IS A MUST SEE AND WONT LAST LONG!

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MARKET HIGHLIGHTS

  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 89178

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 89178

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10291875

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Robert L. Forbuss Elementary School Primary Regular 1,163 56 7
Wilbue And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Robert L. Forbuss Elementary School

  • Education Level: Primary
  • # of students: 1,163
  • # of teachers: 56
7
GreatSchools Rating

Wilbue And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,771
Property Tax -$301
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$505

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$480,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 3.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,200

INVESTMENT

$129,200

Down Payment
$120,000
Rehab Estimate
$2,000
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,331

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,760

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,7004$1,7605$1,900
$1,900
RENT COMPS ANALYSIS
  • 9021 Nopah Peak Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.73
    •  
  • 9094 Palmas Altas Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 9057 Palmas Altas Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 9590 Vega Carpio Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
  • 9855 Oleta Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2019
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ronald D Jones
1.702.370.8102
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257428
Last Updated: 12/23/2020
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